Investec Structured Products presents the Investec FTSE 100 Autocall (Autocall) which is a structured product, listed on the Johannesburg Stock Exchange (JSE). The investment product is designed to provide investors with an attractive return even if the FTSE 100 Index (Index) makes only modest returns over the investment term. The investment provides exposure in Rand with a high degree of capital protection. Capital is at risk if the product has not called and the Index has fallen more than 40% from the initial index level on the Maturity Date. A pre-defined enhanced return of 18% per annum in Rand is paid in the event of positive equity market performance after year 3, 4 or 5. The Autocall offers investors the potential to earn enhanced returns relative to cash and fixed income investments. The Autocall is credit linked and accordingly the Investor takes credit risk on both Investec Bank Limited, as Issuer, and HSBC Bank plc (HSBC), as the Credit Linked Reference Entity.
SUMMARY OF THE INVESTMENT
A 5-year equity investment linked to the performance of the FTSE 100 (FTSE 100). The return will be calculated in Rand
If the FTSE 100 is flat or positive after year 3 the Autocall will expire paying a 54% return (3 x 18%). If the index is below the initial Index level the Autocall will continue to year 4 and similarly to year 5. Investors may receive a maximum return in year 5 of 90% (5 x 18%) in Rand
This Autocall will mature at the end of year 5 but may be subject to early expiry (Autocalling) in year 3 or 4
100% capital protection in Rand provided the Index has not fallen by more than 40% at maturity
THIS INVESTMENT MAY BE RIGHT FOR YOU IF
You think that the Index will be above current levels over the next five years.
You are looking for an investment that offers enhanced upside and potential to limit the downside exposure.
You do not need immediate access to your money for the term of the investment.
THIS INVESTMENT MAY NOT BE RIGHT FOR YOU IF
You want 100% capital protection under all market conditions.
You think the Index may be up more than 18% per annum.
You want to receive regular dividends and income.
You cannot commit to the full term of the investment.
You do not want to take credit risk on Investec or HSBC
Early Redemptions are made by selling the Autocall on the JSE and will be subject to the rules of the JSE settlement system. Investec will be a market maker for the Autocall at the prevailing mark to market rate of the instrument, less a bid to mid of 1% spread. The price of the Autocall is subject to various factors including volatility, prevailing interest rates, exchange rates and market levels and investors should be aware that the Capital Protection is only applicable at maturity. Please note that the JSE price may not reflect the price at which Investec is prepared to trade
SALIENT DATES AND TIMES
Closing Date 29 May 2019
Listing Date on the JSE 21 June 2019
Allocation of the units to investors accounts 29 June 2019
The above dates are subject to change. Any such change will be announced on SENS.
The closing date for applications on this website is at 00h00 on Tuesday 28 May 2019.
You should not complete the attached application form.
EasyEquities will apply on behalf of all clients who applied to invest in this product on the EasyEquities platform.
In addition, Investec Bank Limited reserves the right not to implement the product if any change in circumstances occurs which would adversely affect its ability to implement the investment. In such an event, EasyEquities will notify you and return the invested amount back into your EasyEquities account.
By applying, you acknowledge that you have read, understood and accept the relevant documentation attached.